Global stock markets gained $17 trillion in value in 2019

Global stock markets gained $17 trillion in value in 2019
The city has already erected a memorial to the noble creature. (Image: photo.ua/Shutterstock)

[Ed. – But Donald Trump or something!]

Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations.

The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok.

The banner year for equities has been helped by easier monetary policy and political developments around the globe.

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Central banks around the world have taken a more dovish approach, boosting markets. The Federal Reserve has cut its benchmark interest rate three times this year, and the European Central Bank cut its already negative rates even further.

The global trade outlook — in turmoil since the election of Donald Trump and the vote for Brexit in the United Kingdom — also became more clear during the year.

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